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Shares of World Fuel Svcs Rise Above Previous 52-Week High

By David Diaz

Shares of World Fuel Svcs (NYSE:INT) traded today at $40.92, breaking its 52-week high. Approximately 125,000 shares have changed hands today, as compared to an average 30-day volume of 505,000 shares.

Based on a current price of $40.92, World Fuel Svcs is currently 20.6% above its average consensus analyst price target of $32.50. The stock should find initial support at its 50-day moving average (MA) of $36.30 and further support at its 200-day MA of $29.65.

World Fuel Services Corporation markets aviation and marine fuel services. The Company provides aviation fuel and flight plans, weather reports, and other aviation related services to passenger, cargo, and charter airlines, as well as markets marine fuel and fuel management services to shipping companies and the US military.

Over the past year, World Fuel Svcs has traded in a range of $19.81 to $40.92 and is now at $40.92, 107% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of World Fuel Svcs on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.69. Since that recommendation, shares of World Fuel Svcs have risen 24.5%. We continue to monitor INT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows world fuel svcs

Ticker(s): INT